28Schedule of debts receivable and debts payable

## 28 Schedule of debts receivable and debts payable (1) The accounts of a borrowing corporation or guarantor body for a financial period must include, in relation to the balance sheet, a note containing a schedule setting out, separately, estimates of: (a) debts receivable; and (b) debts payable; shown in that balance sheet that are receivable or payable, as the case requires: (c) not later than one year; and (d) later than one year but not later than 2 years; and (e) later than 2 years but not later than 5 years; and (f) later than 5 years; after the end of that financial period. (2) Subclause (1) applies to the consolidated accounts required by subsection 1058 (6) of the Corporations Law as if the reference in that subclause to the accounts of a borrowing corporation or guarantor body were a reference to those consolidated accounts.